Stock Transfers from GLYHO, New Company from ULKER, Buyback Decision from SEGMN: Recent Updates on BIST Companies
For a summary of the latest company news based on the announcements made by companies listed on Borsa Istanbul, you can find the details in the continuation of our content.
Global Yatırım Holding (GLYHO) stands out with announcements about share transfers and hotel projects, while Ülker Bisküvi aims to increase its international market presence by establishing a new company in Uzbekistan. Ford Otomotiv (FROTO) intends to maintain its commitment to sustainable energy sources with a significant investment in solar energy.
Global Yatırım Holding announces share transfer and hotel project Global Yatırım Holding has announced that it has transferred 50.99% of the shares representing its subsidiary Consus Enerji (CONSE) to another subsidiary, Consus Energy Europe. This move aims to create an intermediary layer in line with the company's existing investments in the Bahamas and the new investment opportunities identified in the region. There will be no change in the ultimate ownership structure following the share transfer, and Global Yatırım Holding will continue to hold shares in Consus Enerji indirectly.
Additionally, Global Yatırım Holding's indirect subsidiary RIHTIM51 has collaborated with Hilton for a hotel project in Karaköy. The hotel, which is currently under construction, will be operated under the "Curio Collection by Hilton" brand with a 25-year branding and management agreement. The hotel is planned to go operational by the end of 2025.
Otto Holding to trade on the Alt Market In an announcement made by Borsa Istanbul, it was stated that the shares of Otto Holding (IS:OTTO), which previously traded on the Immediate Monitoring Market, will start trading on the Alt Market as of November 29, 2024. The company’s shares will be traded at the base price determined on November 28, 2024, in accordance with the trading principles of the Alt Market.
Niyazi Önen Holding begins sale talks for Dardanel shares Niyazi Önen Holding announced that it would start negotiations to sell 100 million shares of Dardanel to a foreign investor. This amount corresponds to 17.06% of Dardanel's capital. After this sale, the company will maintain management control over Dardanel and continue to own 51.5% of the capital. The negotiations will include commercial discussions with potential investors.
CRDFA shares to be subject to restrictions under the volatility-based precautionary system CRDFA shares will not be subject to margin trading from November 29, 2024, to December 27, 2024, according to the decision made under the Volatility-Based Precautionary System (VBTS).
Işık Plastik finalizes order for solar energy investment Işık Plastik (ISKPL) has finalized an agreement with Smart Solar Energy Equipment Marketing Inc. for a solar power plant investment of 12.05 MWp to be established in Siirt. This investment is considered part of the company's goal to reduce its carbon footprint. The financing of the GES project will be sourced 70% from external funds and 30% from internal equity. This step aims to ensure sustainable energy and cost savings.
Seğmen Kardeşler prepares to support its shares with a buyback program Seğmen Kardeşler (SEGMN) will place the share buyback program on the agenda for approval at the extraordinary general assembly meeting scheduled for December 20, 2024. The company plans to allocate a maximum of 2,100,000 lots and 50 million TL within the scope of the program, aiming to implement this program for one year.
Ülker Bisküvi establishes a new company in Uzbekistan Ülker Bisküvi (ULKER) announced that it has invested in a new company to market its product portfolio in Uzbekistan. The new company's capital is established with 51% from pladis Kazakhstan LLP and 49% from Taygeta Food Production. This move is seen as part of Ülker Bisküvi's efforts to strengthen its presence in international markets. The company aims to enhance its competitiveness by entering new markets.
Ford Otomotiv receives positive environmental assessment for its solar energy project Ford Otomotiv has received a positive Environmental Impact Assessment from the Ministry of Environment and Urbanization for its planned solar power plant project in Kocaeli. The project will be carried out within the borders of Boğaziçi and Çallica villages in Burdur province. This project draws attention as part of Ford Otomotiv's strategy to invest in sustainable energy sources. The positive assessment was received after a comprehensive evaluation process examining the project's environmental impacts.
SPK approves the merger of Şok Marketler The Capital Markets Board (SPK) has approved the announcement regarding the merger of Şok Marketler (SOKM) through the acquisition of its non-public subsidiary Future Teknoloji. This operation is highlighted as a step aligned with the company’s restructuring and operational efficiency goals.